High Growth Tech Stocks To Watch In November 2024

Amidst a busy earnings period and mixed economic signals, global markets have shown volatility, with major indices such as the Nasdaq Composite and S&P MidCap 400 experiencing highs before retreating. In this environment where small-cap stocks have demonstrated resilience compared to their larger counterparts, identifying high-growth tech stocks involves looking for companies that can navigate cautious earnings reports and fluctuating market conditions effectively.

Top 10 High Growth Tech Companies

Name	Revenue Growth	Earnings Growth	Growth Rating
Material Group	20.45%	24.01%	★★★★★★
Yggdrazil Group	24.66%	85.53%	★★★★★★
Sarepta Therapeutics	23.80%	44.01%	★★★★★★
Scandion Oncology	40.71%	75.34%	★★★★★★
Pharma Mar	26.94%	56.39%	★★★★★★
TG Therapeutics	34.69%	57.41%	★★★★★★
Alkami Technology	21.90%	98.60%	★★★★★★
Alnylam Pharmaceuticals	22.17%	70.49%	★★★★★★
Adveritas	57.98%	144.21%	★★★★★★
Travere Therapeutics	31.20%	71.73%	★★★★★★

Click here to see the full list of 1291 stocks from our High Growth Tech and AI Stocks screener.

Underneath we present a selection of stocks filtered out by our screen.

ZwsoftLtd (SHSE:688083)

Simply Wall St Growth Rating: ★★★★☆☆

Overview: Zwsoft Co., Ltd. specializes in developing and selling CAD/CAM/CAE software solutions in China, with a market capitalization of CN¥10.87 billion.

Operations: Zwsoft Co., Ltd. generates revenue primarily through the development and sale of CAD/CAM/CAE software solutions in China. The company focuses on providing innovative design tools to various industries, contributing to its market presence.

ZwsoftLtd has demonstrated robust performance with a notable 18.6% revenue growth year-over-year, outpacing the broader Chinese market's 14%. This growth trajectory is complemented by an impressive earnings increase of 133.1% over the past year, significantly exceeding the software industry's average. Such financial dynamics are bolstered by strategic share buybacks, as evidenced by the recent repurchase of 45,583 shares for CNY 2.92 million. These actions underscore ZwsoftLtd’s commitment to shareholder value and confidence in its operational stability and future prospects in a competitive tech landscape.

• Get an in-depth perspective on ZwsoftLtd's performance by reading our health report here.

• Learn about ZwsoftLtd's historical performance.

Shanghai Suochen Information TechnologyLtd (SHSE:688507)

Simply Wall St Growth Rating: ★★★★★☆

Overview: Shanghai Suochen Information Technology Ltd. is a company with a market cap of CN¥5.19 billion, focusing on providing information technology solutions and services.

Operations: Shanghai Suochen Information Technology Ltd. generates revenue primarily through its information technology solutions and services. The company operates within the tech industry, leveraging its expertise to cater to various client needs.

Despite facing a challenging financial period with a net loss widening to CNY 70.65 million from CNY 37.13 million year-over-year, Shanghai Suochen Information TechnologyLtd shows potential for recovery, highlighted by an aggressive share repurchase strategy where 109,842 shares were bought back recently. This move aligns with a notable revenue jump of 34.9% annually, outstripping the broader Chinese market growth rate of 14%. The firm's commitment to innovation is evident in its R&D spending trends which have strategically positioned it within the competitive tech landscape. Moreover, earnings are projected to surge by an impressive 55.3% annually, suggesting robust future prospects despite current volatility in financial performance.

• Delve into the full analysis health report here for a deeper understanding of Shanghai Suochen Information TechnologyLtd.

• Assess Shanghai Suochen Information TechnologyLtd's past performance with our detailed historical performance reports.

Hebei Sinopack Electronic TechnologyLtd (SZSE:003031)

Simply Wall St Growth Rating: ★★★★★☆

Overview: Hebei Sinopack Electronic Technology Co., Ltd. operates in the electronic technology sector and has a market capitalization of CN¥23.04 billion.

Operations: Hebei Sinopack Electronic Technology Co., Ltd. engages in the electronic technology sector, focusing on developing and manufacturing electronic components and solutions. The company generates revenue through its diverse product offerings, catering to various technological needs within the industry.

Hebei Sinopack Electronic TechnologyLtd, amidst a fluctuating market, reported a solid net income of CNY 369.19 million for the nine months ending September 2024, up from CNY 343.49 million in the previous year, demonstrating resilience and potential growth. This performance is underpinned by a robust revenue increase of 37.5% per year, significantly outpacing the broader Chinese market's growth rate of 14%. The company's commitment to innovation is underscored by its R&D investments which are crucial for maintaining competitive advantage in the tech sector; however, earnings have seen a contraction by 37.9% over the past year compared to an industry average growth of 1.6%, highlighting areas needing strategic focus to harness future opportunities effectively.

• Click to explore a detailed breakdown of our findings in Hebei Sinopack Electronic TechnologyLtd's health report.

• Understand Hebei Sinopack Electronic TechnologyLtd's track record by examining our Past report.

Summing It All Up

• Click this link to deep-dive into the 1291 companies within our High Growth Tech and AI Stocks screener.
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Seeking Other Investments?

• Explore high-performing small cap companies that haven't yet garnered significant analyst attention.
• Fuel your portfolio with companies showing strong growth potential, backed by optimistic outlooks both from analysts and management.
• Find companies with promising cash flow potential yet trading below their fair value.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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